What to Watch in the Day Ahead - Tuesday, Nov 17

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Wal-Mart Stores Inc, the world's largest retailer by revenue, is scheduled to report earnings
for its third quarter. Analysts on average are expecting the retailer to report 98 cents per
share, down from $1.15 a year earlier, according to Thomson Reuters I/B/E/S. Wal-Mart's margins
have come under pressure due to tough price competition and investments to boost entry-level
wages.
Home Depot Inc, the No. 1 U.S. home improvement company, is expected to report third-quarter
sales above analysts' estimates, according to Thomson Reuters StarMine. An improving U.S.
housing market is likely to have increased demand for its products in the quarter. Analysts say
Home Depot is best suited to take advantage of the boom of online shopping in the country given
better interconnectedness between its stores, compared with rival Lowe's and online players like
Amazon. Investors will be keen to see any comments on M&A after Home Depot said in July it would
buy Interline Brands Inc to expand its professional contractors and business division.
U.S. consumer prices rose in October after two straight months of declines, a tentative sign
that a recent disinflationary trend has probably run its course. According to a survey of
economists, the consumer price index probably increased 0.2 percent last month, reversing
September's 0.2 percent drop. Excluding food and energy, the so-called core CPI is forecast
rising 0.2 percent after a similar gain in September. (0830/1330) Meanwhile, the Federal Reserve
is expected to show a gain of 0.1 percent in industrial output for October. (0915/1415) U.S.
homebuilder sentiment is likely to stay at its strongest level in more than a decade in
November. The NAHB/Wells Fargo Housing Market index is expected to stand at 64, unchanged from
October's level, which was the highest since August 2005. (1000/1500)
Off-price retailer TJX Companies Inc is expected to report a third-quarter profit above
analysts' estimates, according to Thomson Reuters StarMine. TJX, which sells clothing,
merchandise and accessories at low prices, is expected have gained from lower gas prices, wage
growth and higher traffic to its stores as more consumers hunt for bargains. The retailer raised
its full-year profit forecast for a second time in August.
Federal Reserve Board Governor Jerome Powell is scheduled to speak on "Central Clearing in an
Interdependent World" before the Clearing House Annual Conference, in New York. (1235/1735) U.S.
Treasury Deputy Secretary Sarah Bloom Raskin will also be speaking at the event. (0745/1245)
Federal Reserve Board Governor Daniel Tarullo will speak on regulation of the shadow banking
sector at an event hosted by the Brookings Institution in Washington. (1530/2030)
Daniel Pinto, chief executive of corporate and investment banking at JPMorgan Chase & Co, will
present at the Bank of America Merrill Lynch Banking and Financial Services Conference in New
York. Bank of America CEO Brian Moynihan will also speak at the event.
TransCanada Corporation, the Canadian pipeline company that had its controversial Keystone XL
project rejected by U.S. President Barack Obama this month, holds its annual investor day in
Toronto and New York. TransCanada is now expected to focus on getting built the 1.1 million bpd
Energy East pipeline to Canada's east coast, another project that is fiercely opposed by
environmentalists. The company has also vowed not to give up on Keystone XL just yet.
Securities Industry and Financial Markets Association holds Equity Markets Forum, a half-day
conference that will feature panels on market structure developments from the past year and what
can be expected in the year ahead. Speakers at the event include executives from BATS Global
Markets, Convergex Group, Barclays, Citigroup, Morgan Stanely, and FINRA.
Chile's SQM, the world's largest lithium producer which has been hit by a series of financial
scandals that led to a shake-up in management, is scheduled to report third-quarter earnings.
The company is looking at selling stakes. Analysts forecast flat sales but improved profits.
LIVECHAT: Investment Week: Greg Peters, managing director and senior investment officer,
Prudential Fixed Income
Join Greg Peters, managing director and senior investment officer of Prudential Fixed Income,
and senior portfolio manager for the Prudential Total Return Bond Fund, Prudential Global Total
Return Bond Fund and Prudential Absolute Return Bond Fund, for a look at the dynamics set to
drive fixed-income markets in 2016 with liquidity waning as traditional market makers shrink
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(Compiled By Nayyar Rasheed in Bengaluru; Edited by Don Sebastian)